RDAP 2015-10 2015-10-12RESOLUTION NO. RDAP-2015-10
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF PEARLAND
(DAP), TEXAS AUTHORIZING A DEVELOPER REIMBURSEMENT TO
SHADOW CREEK RANCH DEVELOPMENT COMPANY LTD TO
REIMBURSE FOR TIRZ INFRASTRUCTURE IMPROVEMENTS IN THE
AMOUNT OF $19,575,000.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors hereby authorizes a reimbursement in the amount
of $19,575,000 to Shadow Creek Ranch Development Company LTD for TIRZ
infrastructure improvements upon receipt of bond proceeds.
PASSED, APPROVED, AND ADOPTED this I 1.4/6" day of DG-b'tiG .
A.D 2015.
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Development Authority of Pearland
Chairman
ATTEST:
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Development Authority of Pearland
Secretary